Whale Gambles Big: 5 Million USDC Deposited into HyperLiquid for 40x Long Position on BTC Despite Previous $2.36 Million Loss

On May 28th, **COINOTAG News** reported a significant movement in the crypto market as an **institutional whale** deposited **$5 million USDC** into **HyperLiquid**. This strategic maneuver involved opening a **40x leveraged long position** on **BTC**, a bold move showcasing confidence in Bitcoin’s potential recovery. This transaction follows a prior setback for the whale, who experienced a loss of **$2.36 million** in earlier trades. Such fluctuations highlight the inherent risks and volatility associated with high-leverage trading in the cryptocurrency landscape. As **investors** closely monitor these developments, the actions of major players underscore the ongoing **market dynamics** and the critical importance of risk management in crypto investments.